Common use of Officer's Knowledge of Default Clause in Contracts

Officer's Knowledge of Default. Upon any senior executive officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, cause such officer or a Responsible Officer to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower or such Subsidiary proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Omnova Solutions Inc), Credit Agreement (Omnova Solutions Inc)

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Officer's Knowledge of Default. Upon any senior executive officer the Chief Executive Officer, President, Vice President or Treasurer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary other Credit Party to any Lender, cause such officer or a Responsible Officer an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower or such Subsidiary other Credit Party proposes to take with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Watsco Inc), Conformed Copy (Watsco Inc)

Officer's Knowledge of Default. Upon the President, any senior executive officer Vice President, the Chief Financial Officer or the Controller of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lenderdescribed in Section 9.01(e), cause such officer or a Responsible Officer an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower or such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Revolving Credit Agreement (Acsys Inc)

Officer's Knowledge of Default. Upon any senior executive officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, cause such officer or a Responsible Officer an Authorized Representative to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower or such Subsidiary proposes to take with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Gencorp Inc)

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Officer's Knowledge of Default. Upon any senior executive officer of the Borrower obtaining knowledge of any Default or Event of Default hereunder or under any other obligation of the Borrower or any Subsidiary to any Lender, cause such officer or a Responsible Officer to promptly notify the Agent of the nature thereof, the period of existence thereof, and what action the Borrower or such Subsidiary proposes to take with respect thereto. 9.13.

Appears in 1 contract

Samples: Credit Agreement

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